CONTRACTING & ENGINEERING SERVICES: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CONTRACTING & ENGINEERING SERVICES
Largest movements
- Cash +€1.1m
up €1.1m (+98.5%), from €1.1m to €2.1m
mainly Net result for the year (+€2.3m) and Other debts (+€1.6m)
- Current investments -€380,000
no longer reported in 2025 (was €380,000)
- Deferred charges and accrued income +€248,960
up €248,960 (+319.5%), from €77,928 to €326,888
- Tangible fixed assets +€143,774
up €143,774 (+35.0%), from €410,901 to €554,676
of which Furniture and vehicles: +€160,742
- Other debts +€1.6m
up €1.6m (+148.6%), from €1.1m to €2.7m
- Profit (loss) carried forward -€437,557
down €437,557 (-31.5%), from €1.4m to €949,316
- Accrued charges and deferred income +€188,198
up €188,198 (+5573.6%), from €3,377 to €191,575
- Tax, wage and social debts -€149,209
down €149,209 (-51.3%), from €290,739 to €141,530
of which Taxes: -€160,286
- Trade debts -€79,753
down €79,753 (-7.0%), from €1.1m to €1.1m
- Gross operating margin +€2.1m
up €2.1m (+89.3%), from €2.3m to €4.4m
- Taxes +€448,171
up €448,171 (+170.4%), from €263,024 to €711,195
- Staff costs +€142,014
up €142,014 (+12.3%), from €1.2m to €1.3m
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,225,879 | €5,328,645 | +€1.1m | +26.1% |
| Fixed assets | 21/28 | €424,523 | €555,045 | +€130,521 | +30.7% |
| Intangible fixed assets | 21 | €7,960 | - | -€7,960 | |
| Tangible fixed assets | 22/27 | €410,901 | €554,676 | +€143,774 | +35.0% |
| Land and buildings | 22 | €60,630 | €48,148 | -€12,482 | -20.6% |
| Plant, machinery and equipment | 23 | €92,431 | €87,946 | -€4,485 | -4.9% |
| Furniture and vehicles | 24 | €257,840 | €418,582 | +€160,742 | +62.3% |
| Financial fixed assets | 28 | €5,662 | €369 | -€5,293 | -93.5% |
| Current assets | 29/58 | €3,801,355 | €4,773,601 | +€972,245 | +25.6% |
| Amounts receivable within one year | 40/41 | €2,270,037 | €2,316,307 | +€46,270 | +2.0% |
| Trade receivables | 40 | €1,867,775 | €1,263,993 | -€603,782 | -32.3% |
| Other amounts receivable | 41 | €402,263 | €1,052,314 | +€650,052 | +161.6% |
| Current investments | 50/53 | €380,000 | - | -€380,000 | |
| Cash at bank and in hand | 54/58 | €1,073,390 | €2,130,405 | +€1.1m | +98.5% |
| Deferred charges and accrued income | 490/1 | €77,928 | €326,888 | +€248,960 | +319.5% |
| Total equity and liabilities | 10/49 | €4,225,879 | €5,328,645 | +€1.1m | +26.1% |
| Equity | 10/15 | €1,455,073 | €1,017,516 | -€437,557 | -30.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,386,873 | €949,316 | -€437,557 | -31.5% |
| Amounts payable | 17/49 | €2,770,806 | €4,311,130 | +€1.5m | +55.6% |
| Amounts payable after more than one year | 17 | €163,373 | €126,804 | -€36,569 | -22.4% |
| Financial debts | 170/4 | €163,373 | €126,804 | -€36,569 | -22.4% |
| Amounts payable within one year | 42/48 | €2,604,057 | €3,992,751 | +€1.4m | +53.3% |
| Current portion of amounts payable after more than one year | 42 | €90,909 | €94,566 | +€3,657 | +4.0% |
| Trade debts | 44 | €1,136,008 | €1,056,255 | -€79,753 | -7.0% |
| Suppliers | 440/4 | €1,136,008 | €1,056,255 | -€79,753 | -7.0% |
| Taxes, remuneration and social security | 45 | €290,739 | €141,530 | -€149,209 | -51.3% |
| Taxes | 450/3 | €163,775 | €3,489 | -€160,286 | -97.9% |
| Remuneration and social security | 454/9 | €126,965 | €138,042 | +€11,077 | +8.7% |
| Other amounts payable | 47/48 | €1,086,400 | €2,700,400 | +€1.6m | +148.6% |
| Accrued charges and deferred income | 492/3 | €3,377 | €191,575 | +€188,198 | +5573.6% |
| Non-recurring operating income | 76A | €28,166 | €16,002 | -€12,164 | -43.2% |
| Remuneration, social security and pensions | 62 | €1,150,107 | €1,292,122 | +€142,014 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,326 | €155,841 | +€17,514 | +12.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,132 | €6,000 | -€12,132 | -66.9% |
| Other operating charges | 640/8 | €486 | €742 | +€256 | +52.6% |
| Gross operating margin | 9900 | €2,343,812 | €4,436,988 | +€2.1m | +89.3% |
| Operating profit (loss) | 9901 | €1,036,760 | €2,982,283 | +€1.9m | +187.7% |
| Financial income | 75/76B | €13,648 | €4,084 | -€9,563 | -70.1% |
| Recurring financial income | 75 | €13,648 | €4,084 | -€9,563 | -70.1% |
| Financial charges | 65/66B | €12,168 | €12,330 | +€162 | +1.3% |
| Recurring financial charges | 65 | €12,168 | €12,330 | +€162 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €1,038,240 | €2,974,038 | +€1.9m | +186.4% |
| Income taxes | 67/77 | €263,024 | €711,195 | +€448,171 | +170.4% |
| Profit (loss) for the period | 9904 | €775,217 | €2,262,843 | +€1.5m | +191.9% |
| Profit (loss) for the period to be appropriated | 9905 | €775,217 | €2,262,843 | +€1.5m | +191.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.